TORONTO, Sept. 10, 2025 (GLOBE NEWSWIRE) — Currency Exchange International, Corp. (the “Group” or “CXI”) (TSX:CXI, OTCQX:CURN), today reported net income of $4.2 million for the third quarter of 2025, 8% higher than the prior year (all figures are in U.S. dollars except where otherwise indicated). This 2025 reported net income reflected $5.2 million net income from continuing operations and a net loss of $1.0 million from Exchange Bank of Canada, the Company’s Canadian subsidiary which was classified as discontinued operations effective the second quarter of 2025. These third quarter results included a net restructuring credit of $0.1 million related to discontinued operations in Canada. Excluding restructuring amounts, the Group’s adjusted net income1 decreased by 10% compared to the prior year and adjusted diluted earnings per share1 (“EPS”) was 4% lower than the prior year due to the impact of customer activity discontinuing at EBC. The completed condensed interim consolidated financial statements and management’s discussion and analysis (“MD&A”) can be found on the Group’s SEDAR profile at www.sedarplus.ca.
| Q3, 2025 Reported Results |
EBITDA $8.1 million Up 4% YoY |
Net Income $4.2 million Up 8% YoY |
Diluted EPS $0.67 Up 14% YoY |
Annualized ROE 5% Down 44% YoY |
| Q3, 2025 Adjusted Results1 |
EBITDA1$8.2 million Up 5% YoY |
Net Income1$4.1 million Down 10% YoY |
Diluted EPS1$0.66 Down 4% YoY |
Annualized ROE112% Flat YoY |
Below is a reconciliation of reported results to adjusted results based on non-recurring items:
| Three-month period ended July 31, 2025 |
Three-month period ended July 31, 2024 |
Nine-month period ended July 31, 2025 |
Nine-month period ended July 31, 2024 |
|
| Reported results | $ | $ | $ | $ |
| EBITDA | 8,145,963 | 7,807,340 | 16,901,522 | 15,562,497 |
| Group net income | 4,245,120 | 3,935,350 | 7,040,674 | 5,291,747 |
| Pre-tax adjusting items | ||||
| Specified item: Restructuring charges | 28,113 | – | 257,517 | – |
| Specified item: Discontinued operations pre-tax items* | (103,712) | 709,634 | 328,815 | 692,349 |
| Specified item: Discontinued operations tax item* | – | – | – | 1,435,817 |
| Total pre-tax adjusting items | (75,599) | 709,634 | 586,332 | 2,128,166 |
| Impact of income tax | (7,223) | – | (78,028) | – |
| Adjusted results** | ||||
| EBITDA | 8,174,076 | 7,807,340 | 17,159,039 | 15,562,497 |
| Group net income | 4,162,298 | 4,644,984 | 7,548,978 | 7,419,913 |
| Group diluted earnings per share | ||||
| Reported |